The board of directors of the Port Authority of Valencia (PAV) has provisionally approved the conditions for a tender for the construction and operation of a new 5m teu container terminal in a northern extension of the port.
The execution of this infrastructure, which will have an area of adjacent and compacted esplanade of about 137 ha, will suppose an investment of about €1.2bn (US$1.4bn) between public contributions – among €400m (US$460m) – and private –from €800m-900m (US$920m-1bn).
The PAV’s president Aurelio Martínez said that the project would be the port’s “most important” one in the coming years because “in other projects there will be none involving €1.2bn (US$1.4bn) of investment.
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